Category: Budget 2025

Budget 2025GST in Media

Lok Sabha passes Finance Bill 2025 with 35 amendments: Here’s all you need to know

byAdmin

The Lok Sabha passed the Finance Bill 2025 on Tuesday, March 25, along with 35 government amendments, including one abolishing a six per cent digital tax on online advertisements. With the passage of the Finance Bill 2025, the Lok Sabha completed its part of the Budgetary approval process. The Upper House, Rajya Sabha, will now consider the Bill. After the Rajya Sabha approves the Bill, the Budget process for 2025-26 will be complete.

Budget 2025GST Article

Key changes under the Income Tax Law -Budget 2025

byCA Bimal Jain

Taxation Reforms are one of the key reforms to realize the vision of Viksit Bharat.  In the words of the Hon’ble FM, the country aims to ensure that the new income-tax bill will carry forward the spirit of “Nyaya”. The new bill will be clear and direct in text with close to half of the present law, in terms of both chapters and words. It will be simple to understand for taxpayers and tax administration, leading to tax certainty and reduced litigation.

Budget 2025

Union Budget vs State Budget: Know Key Differences Between Them

byAdmin

Here are the key differences between the Union and State budgets. Notably, there is a three-tier system of government, namely Central (or Union) Government, State Government and local government (like Municipal Corporation, Municipal Committee and Zila Parishad). These governments prepare their own respective budgets (called Union Budget, State Budget and Municipal Budget) containing estimates of expected revenue and proposed expenditure.